Former Patagonia CEO Rose Marcario is resigning from her position on Rivian’s board of directors, according to a Friday afternoon stock exchange filing. Rivian wrote in the filing that Marcario’s last day will be on January 1, and that she is leaving “to focus on other commitments.” Rivian’s board will shrink from eight members to […]
Former Patagonia CEO Rose Marcario resigns from Rivian’s board Read More »
The Delaware Supreme Court has reinstated Elon Musk’s $56 billion Tesla pay package from 2018, overturning last year’s ruling by the state’s Chancery Court, according to an opinion published Friday. The state supreme court’s decision draws to a close a years-long battle that left such a bad taste in Musk’s mouth that he moved its
Elon Musk’s $56B Tesla pay package restored by Delaware Supreme Court Read More »
Rivian’s new second-generation R1 EVs are receiving an update today that brings the new “Universal Hands-Free” driving software, which the company revealed last week at its first-ever “Autonomy & AI Day.” The company says the new feature allows drivers to take their hands off the wheel on more than 3.5 million miles of roads in
Rivian rolls out new ‘Universal Hands-Free’ driving feature Read More »
Electric bike company Rad Power Bikes filed for Chapter 11 bankruptcy protection on Monday, weeks after it warned employees that it could shut down without new funding. The company will continue to operate while the bankruptcy case proceeds, and it’s looking to sell the business within 45-60 days, a spokesperson told TechCrunch. “This step allows
Rad Power Bikes files for bankruptcy and is looking to sell the business Read More »
An administrative law judge has ruled that Tesla engaged in deceptive marketing that gave customers a false impression of the capabilities of its Autopilot and Full Self-Driving driver assistance software, a pivotal development in a years-long case initiated by California’s Department of Motor Vehicles. The judge agreed with the state DMV’s request to suspend Tesla
Tesla engaged in deceptive marketing for Autopilot and Full Self-Driving, judge rules Read More »
Slate Auto, the electric truck startup backed by Jeff Bezos, has now collected more than 150,000 refundable reservations for its low-cost EV due out at the end of 2026. The company shared the figure in a new Q&A video with CEO Chris Barman, where she answers questions from those reservation holders about the company’s plans
Slate crosses 150,000 reservations despite waning EV truck enthusiasm Read More »
In early 2023, Luminar was riding high. After going public during the pandemic and scoring a key deal with Volvo, the company had added Mercedes-Benz and Polestar as customers of its “life-saving” lidar sensors. Founder and CEO Austin Russell called it an “inflection point,” as Luminar prepped to have those sensors integrated into the first
How Luminar’s doomed Volvo deal helped drag the company into bankruptcy Read More »
Amid Ford’s shift away from making large electric vehicles, the automaker is adding a new product line to find a home for its batteries. Ford said Monday that instead of scuttling plans to build the batteries for those vehicles, it will pivot that capacity into a new battery storage business. Those storage systems, which will use cheaper LFP batteries, will be
Ford is starting a battery storage business to power data centers and the grid Read More »
Ford is ending production of the fully-electric F-150 Lightning as part of a broader companywide shakeup of its electric vehicle plans, the company announced Monday. In its place, Ford will sell what’s known as an “extended range electric vehicle” version of the truck, which adds a gas generator that can recharge the battery pack to power the motors for over 700 miles. The company did not
Ford’s next F-150 Lightning will have a gas generator as it pivots away from large EVs Read More »
Lidar company Luminar has filed for Chapter 11 bankruptcy protection after months of layoffs, executive departures, and a legal fight with its largest customer, Volvo. The company aims to sell off its lidar business during the bankruptcy proceeding, and has already reached a deal to sell its semiconductor subsidiary. While the company will continue to
Lidar-maker Luminar files for bankruptcy Read More »
